As part of the EU’s package for fair and simple taxation (link – link) the European Commission will revise the Special regime for travel agencies (TOMS).
The European Commission has issued a public consultation, The evaluation will assess if and to what extent the special VAT scheme for travel agents is fit for purpose, meets its objectives of having simplified rules for this sector and ensures the VAT is collected by the EU country where the goods or services are consumed. It will also examine whether the scheme is efficient in achieving the underlying needs in this field, and is still in line with changes in the overall policy, as well as other EU policy initiatives and priorities.
Deadline for input is Sept 14, 2020.
Source Grant Thornton
See also EU Package for fair and simple taxation: Special regime for travel agencies
